The prices of oil and petrol have climbed nearly VND1,000 (US$0.043) per litre folowing the latest adjustment by Ministry of Finance and the Ministry of Industry and Trade on Saturday.

The ministries review fuel prices every 15 days to adjust prices in accordance with fluctuations on the world market.

Accordingly, the price of bio-fuel E5 RON 92 has increased by VND939 per litre from VND16,272 per litre, while that of RON 95-III is up VND946 per litre from VND17,603 per litre.

The prices of diesel oil and kerosene rose VND959 and VND700 per litre, respectively. The retail price of bio-fuel E5 RON 92 will not be higher than VND17,211 per litre, and that of RON 95 no more than VND18,549.

The ceiling prices of diesel oil and kerosene are now VND15,868 and VND14,885 per litre, respectively. The price of mazut is capped at VND14,083 per kilo.

This is the first time prices have been raised this year.

In the previous adjustment, the price of bio-fuel E6 RON 92 was at VND16,270 per litre while that of RON 95 was VND17,600 per litre. — VNS